Volkswagen is planning to loss-making startup Tesla for motivation on the best ways to enhance its core business, the Volkswagen’s chief executive Herbert Diess stated in an interview. Asked who the automaker’s main competitors are, Diess told an internal business publication: “In the old world it is Toyota, Hyundai, and the French automakers. In the

Tesla Inc reported quarterly earnings that doubled on Wednesday and a loss that was the automaker’s biggest ever, but its shares increased after revealing over 1,800 daily bookings for the Model 3 and forecasting increased Model S deliveries in the 2nd half of this year. Shares increased as much as 8 percent to $351.67 in

Billionaire financier David Einhorn, who has been harmed by his bet against Tesla Inc, stated on that the automaker is over-valued and that the business is not sufficiently capitalized. “The company is expected to burn more than $2 billion this year as it begins production of its Model 3,” Einhorn stated on a revenues call

Infineon will provide parts to Tesla’s upcoming mass-market Model 3, the German chipmaker stated, after being vanquished as initial provider by Franco-Italian competitor STMicroelectronics for the desired deal. Infineon, which provides chips to control the batteries and motors in eight from ten of the world’s leading selling electric vehicles, validated its parts would go into

Like before, a Tesla has been involved in an accident, and we don’t think it will it be the last. One feature that takes place to accompany many of these mishaps is that autopilot, and it was reportedly engaged at some point prior to the occurrence of mishap. This specific accident does not stray from

Tesla Inc stated it is broadening its auto service centers and adding 350 mobile service vans as it gets ready to support its Model 3 sedan, a mass-market vehicle that is expected to drive a 500 percent boost in the electric vehicle business’s sales. A senior executive talking on behalf of the company informed Reuters

Registrations of Tesla vehicles in California, without a doubt the largest market of the high-end electric car maker, dropped 24 percent in April from a year earlier, as per the information from IHS Markit. The findings come as financiers stress that demand for Tesla’s luxury Model S sedan is fading ahead of the mass market

Following months of expectation, Elon Musk has finally revealed the first look of a real Model 3. Tesla has been dealing with a minimal production run of the Model 3, its new electrical vehicle that is expected to be offered to the public at the end of the month. On Saturday, Musk tweeted photos of

Tesla stated current-quarter deliveries are going to include about 3,500 vehicles that were in transit to clients at the end of the 2nd quarter, on a day the automaker’s first Model 3 rolls off the assembly line. The automaker stated on Monday it has made deliveries of about 47,100 electric sedans and SUVs during first

Elon Musk tweeted late on Sunday night about the Tesla Model 3. In the first tweet, he mentioned that the upcoming Tesla Model 3 had passed all regulative requirements two weeks ahead of schedule and that the first (SN1) Model 3 would be finished by this Friday. Previously this year it was reported that production

Shares of Tesla Inc fell 2.5% in premarket trade Thursday, extending the earlier session’s sharp selloff, following the ratings from Insurance Institute for Highway Safety (IIHS), where the automaker’s Model S couldn’t get a top safety award. After toppling 7.2% on Wednesday, the stock was on its way to open Thursday 17% below its June

Tesla has stated its longest-range Model S is able to drive 572 kilometers (355 miles) on a single charge, however two drivers went beyond that limit by more than 300 kilometers (186 miles) on Tuesday. Steven Peeters, the owner of a Tesla Model S P100D, and his pal Joeri Cools used a method called hypermiling

An individual killed in a fatal accident in 2016 while using the semi-autonomous driving system on his Tesla Model S sedan kept his hands off the wheel for prolonged periods of time regardless of repeated automated cautions not to do so, a U.S. government report stated. The National Transportation Safety Board (NTSB) provided 500 pages

The Tesla Model X achieved a complete 5-star crash score from the US National Highway Traffic Safety Administration (NHTSA), the electric car manufacturer announced Tuesday. Which obviously means the automobile is indeed pretty safe. However what’s most remarkable is that the Model X is the first SUV to achieve 5-star ratings across the board, in

Tesla stated its investors authorized all five of its proposals, including one that shot down a move to make its directors represent reelection each year, at the company’s yearly shareholder meeting on Tuesday. Connecticut Retirement Plans and Trust Funds had prompted fellow Tesla shareholders to choose a proposal targeted at the declassification of the company’s